Ross87

Just out of interest, does the assay card typically make much difference to the value?

Yes please, happy to take it at this price. I’ll drop you a message.

Thanks for this. I finally cashed out for a small profit after a few months and it worked very well. Got a bit confused between kg and oz at one point but probably my own fault.

Definitely. The BRICS summit is coming up on 22nd August. So something may come out of that. Given the US efforts in Iraq and Libya to preserve the oil dollar, I assume something dramatic would happen if another currency was used! Good news for gold, but some damage to the US economy may find its way to the UK!

Thanks, I've been trying to do this. But I get the error message "There are no tags available" when I try to tag it.

Thanks Kev, unfortunately I've already sorted the tubes. I may be back in touch if I can find some more money..

Yes, really enjoying it so far! I was initially just trying to buy any lump of precious metal to hedge against inflation, but now I seem to be addicted to coin collecting. I guess it’s a slippery slope.

Perfect. I'll send a direct message

Yes that’s good. Could you do a couple of tubes?

Hi Fenlander, ideally around £645 per tube delivered. Thanks.

Hi, I’m looking for a few tubes of 1oz silver Britannias. Ideally some of more recent ones with the hologram. Let me know if you have any going spare. Thanks. Ross

I'm not an accountant. But my impression is VAT is only paid by the end consumer (that isn't VAT registered). My plan was to use my VAT registered company to purchase from the VAT registered dealer. Then I was intending to only sell back to a VAT registered dealer (at spot price). I think if I sold to a person (not VAT registered) that would be a problem. The lady at Chards seemed to suggest what I was doing was fine and happens fairly regularly. (They had a form etc.) Once I have sold it back, the dealer would then end up with "used silver" that has never had the VAT paid. So VAT may need to be paid on it further down the line. I believe this situation comes up when purchasing second hand vans, where you have to ask if the VAT has been paid or not because previous owners may have swerved it. I thought this plan would give me some significant savings. However the best price I can get from a dealer without paying VAT is still about 15% over spot. Which seems to be beatable buying through this forum. The BullionVault option offered some very tight spreads so I thought that made the best financial sense. Although I am sad I don't have loads of bars stacked in my home office like some sort of low rent bond villain.

Thanks for this Spyder. I gave Bullionvault a go today and it was generally a positive experience. It's very easy to trade on there. Playing around on the app, they seem to have quite a serious referral scheme if anyone fancies some affiliate marketing or getting a code from the forum. https://www.bullionvault.co.uk/help/referral_programme.html I haven't actually withdrawn anything yet, so can't 100% guarantee it's not a scam. But seems legit so far.

Even VAT free, I am looking at 15% over spot through a dealer like Chards. So I'm not sure it's worth the risk and complications of buying through a limited company. It would be nice to hold the physical silver, but something like bullionvault looks the way to go. Incidentally who is pocketing all these premiums on silver? I don't see why dealers would need to charge so much more than for gold.

Hi @James32, one of the clear rules is that if the investment income exceeds the companies general income, the company gets classed as a ‘close investment company’, which is bad news. So I guess that would put off casual investors. Since inflation has gone so high, I’m starting to come across more people using limited companies to hold assets (metals, art, wine etc.) and get around the VAT. I’m not a finance professional though. So can’t guarantee this won’t end badly!